"No news isn't always good news. Four days have passed since the expiration of Microsoft's deadline for Yahoo to accept its buyout offer or face a hostile takeover.Microsoft declared it would launch a proxy fight to oust Yahoo's board or walk away from the deal if the two failed to reach an agreement by April 26. So far the software giant has not indicated what it will do, although the Wall Street Journal reported that it could make its next move as early as Wednesday. A Microsoft (MSFT, Fortune 500) spokesman said Tuesday the company has "nothing to report." A Yahoo representative also offered no news."[via cnn money]
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